19 April 2011 23:59 [Source: ICIS news]
LONDON (ICIS)--European nylon 6 (or polyamide 6) April contracts settled at an increase of €0.05–0.10/kg ($0.07–0.14/kg) from March, due to strong demand and tight supply, sources said on Tuesday.
Virgin polymer nylon 6 April contract prices settled at €2.49–2.68/kg FD (free delivered) NWE (northwest ?xml:namespace>
Low availability was the result of difficulties in sourcing feedstock caprolactam, coupled with strong demand, players said.
High consumption was predominantly coming from the textiles and automotives downstream markets.
Nylon 6 players are still trying to assess the impact of the Japanese crisis on the automotive market.
It was recently reported that firm automotive off-take was driven by high Asian demand on the back of GDP growth and upwards social mobility in
European car manufacturers are also reported to be shipping high volumes of finished goods to
However the crisis in
($1 = €0.70)
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